Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Call Spread trade opportunity for COGNIZANT TECH SOLUTION (CTSH) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. CTSH was recently trading at $78.27 and has an implied volatility of 26.77% for this period. Based on an analysis of the options available for CTSH expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $78.28-$86.55 at expiration. In this scenario, the average linear return for the trade would be 54.04%. 52 week high: COGNIZANT TECH SOLUTION recently reached a new 52-week high at $79.00. CTSH had traded in the range $40.01-$78.47 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if CTSH maintains its current direction and does not revert back to pricing on the bearish side of $78.27 on 15-Jan-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if COGNIZANT TECH SOLUTION closes at or above $78.10 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 50.94% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.